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Commodities Briefing - Categorized | Market Moves, Oil more

OPEC’s oil market share to shrink in 2015, despite growing demand

Posted on 11 July 2014

OPEC expects its share of the world oil market to shrink in 2015 for a third year running, due in part to the U.S. shale oil boom, giving the exporter group little comfort from an acceleration in global demand.
Making its first 2015 forecast in a monthly report, the Organization of the Petroleum Exporting Countries said demand for its oil next year would average 29.37 million barrels per day (bpd), down 310,000 bpd from 2014………………………………………..Full Article: Source


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